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Mobile Phones & Gadgets / Microsoft buys Nokia's Device and Services business
« on: September 03, 2013, 10:26:20 AM »Quote
Microsoft announced late Monday night that it will buy Nokia's mobile phone business -- a momentous deal that pits Microsoft squarely against Apple and Google in the hotly contested smartphone arena.
The €5.4 billion ($7.2 billion) acquisition gives Microsoft control of the second-largest mobile phone manufacturer in the world, according to IDC. The Finnish Nokia (NOK) is well behind Samsung in cell phone sales but far ahead of third-place Apple (AAPL, Fortune 500), according to IDC... click for more